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the stock is having such a tough time lately dropping below 400 just last week. >>> then the faa warning about long airport delays because of government budget cuts. but in addition to grounding your travel plans, the cuts could also prevent your portfolio from taking flight which we will look at coming up. >>> don't miss my exclusive interview coming up with johnson & johnson ceo alex gorsky. that stock hitting an all-time high today. how he plans to push it even higher. that and a lot more coming up on the "closing bell," most important hour of the trading day right now. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ is apple >>> apple is looking a little more polished today. the beaten down stock one
'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
destination. more now from mark matthews. >> faa says the skies are a little less crowded today and frustration among passengers a little higher. >> getting angry. irritated. we don't want you to be here. >> gate agent tells passengers we didn't know this would happen but actually two months ago the transportation secretary hood warned budget cuts could force the faa to furlough tenth of the controllers. >> congress needs to fix this. congress needs to fix a very dumb law. >> congress hasn't fixed it and new the faa says every air traffic controller layed off one day every two weeks. and flights will be delayedw3 or cancelled. >> plane back to lax. sat on the tarmac for about an hour. >> larry point dexter flight in san antonio didn't make it to los angeles last night. diverted to fresno. some flights from los angeles to here in san jose were hours late last night. >> we had flights operating as late as as early as 2:00 a.m. >> that was a flight was to arrive before 11:30. los angeles international had 3 fewer controllers today. mike kennedy flight delayed sex hours. >> bo
: sequester is faa starting air traffic controller furloughs yesterday it has been warning for months this day would becoming. and delays would follow, so far it is pretty. the usual havoc and delays. you would not know it looking at headline, main street media, airline and flight sshools sinker ravel guru mark murphy said that administration is manufacturing this mess. he does not deny the lines but deny so call reasons. >> i think it just forced, they want it to be difficult, it there is no reason. are we spending more money this year than last year, are we not going to spend a trillion more in 2013, than we spent in 2007. neil: faa has a higher budget this year than last year, i having said that, what is in it for them, if you think about. everything i think trickles down to the president good or bad. >> a few months they played the hand it was a disaster, they walked it back, they saw of it not a disaster we just slowing increase in spending. neil: your facts are dead obut these cuts would be rolled in this is latest more come ing on the travelling, you say it is a nightmare because there
for more flight delays triggered by the sequester. some of the busiest airports fell behind schedule. faa furloughs went into effect leaving fewer air traffic controllers on the job and we have more from abc's matt gutman. >> reporter: the delays piled up in charlotte. waits up to 75 minutes at baltimore washington and at all three new york airports. >> when you have cuts like this, it's not good. it's one of the very few jobs, i think, that should not have one. >> reporter: the faa didn't mince words, blaming most of the backlog on federal budget cuts. the agency said, the crunch forced it to furlough its air traffic controllers one day every other week. it saves the agency nearly $640 million, but the faa says it could cost travelers 90-minute delays on 6,700 flights every day. and the early numbers show delays at baltimore washington anew york's laguardia, spiking fourfold over last monday. part of that could be weather related. but at other airports like philadelphia, not much change. to see for ourselves, we boarded a flight in miami for orlando. here's the confusing thing. the fligh
of the country. the faa estimates nationally that these delays would cause 6,700 delays a day. >>> a nuclear power plant in eastern tennessee has extra security this morning after a shooting over the weekend. police say a man fired shots at a guard who then returned fire. it happened at the watts bar plant in spring city. no one was hurt. >>> well, president obama has invited all 20 female senators to dinner at the white house tonight. it's the latest get-together scheduled by the president in an effort to find common ground with congress. no word yet on just who has rsvp'd. >>> and new york mayor michael bloomberg wants to raise the legal age to buy cigarettes from 18 to 21. it would be the strictest limit of any big city but would only affect purchases. it would not prohibit those younger from 21 from having or even smoking cigarettes. >>> no to what's moving your money. cnbc's courtney reagan is here. courtney, good morning to you. >> hi, richard. apple reports earnings today. with the stock dropping below $400 a share after peaking above 700 in september, you know it's the talk of wall s
: the faa releasing a statement saying it will quote, be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delays and impacts of lower staffing as we move into the busy summer season. do you find that reassuring? i'm not sure i do. good morning stuart. stuart varney from the fox business network. stuart couldn't we move money over from consultants and grants to help folks out in the control tower? >> let me spell out what we're talking about. $500 million this year for consultants. $474 million in wrapts grants to make communities more liveable and sustainable. obvious, question, martha, take some money out of the consultants bucket and put it into air traffic controlsers bucket to avoid delays. president says can't do that. i don't have the flexibility to target nonessentials. can't do it. so the republicans introduced a bill that would specifically give the president that flexibility, to avoid this pain. he threatened to veto it. that's where we stand this morning. more cuts are coming. more delays are coming. the president does not wan
as the national transportation safety board takes a closer look at one fire in particular just days after the faa approved boeing's plan to get its fleet back in the air. dan springer is live in seattle. dan? >> reporter: yeah, jon. the faa approved the battery fix even as the company answers tough questions about the fire back in january that led to the dreamliner fleet getting grounded. the plane's lithium ion battery sured a short which led to the failure of all eight cells. boeing's new plan includes a redesigned battery that has more insulation between the cells to prevent what's called thermal runaway. the battery charger has been redesigned to reduce the total amount of energy in the battery so it doesn't work as hard, and it's going to be in a better steel containment box that won't allow oxygen to fuel a fire. the ntsb put boeing on the defensive this morning about its assumptions that turned out to be wrong. >> what we can't do is we can't account for every single possible method of short circuit, particularly what we would consider the unknown unknowns. >> reporter: boeing says it has
at the airport. the f.a.a. imposing furloughs on thousands of employees. those cuts are being blamed on sequester. guess what? delays, delays, delays. >>steve: with fewer workers responsible for the same number of planes that means you're going to have to wait. here now stuart varney, we're not going to make him wait. the scare quester didn't work. now what they're trying to do is inflict pain. people are going to sit on planes, they're going to call their congressmen. "you've got to do something about it! " >> that's right. quick pop quiz. did you know the f.a.a., the people who run the air traffic system, this year they will spend $500 million on consultants, $325 million on supplies and travel, $474 million on grants to make communities more livable and sustainable. >>steve: are you saying there's money available where they don't have to furlough those guys? >> exactly. why don't you take some of that money and put it into the air traffic controllers' bucket so we don't have to have these delays? because the president says we don't have the flexibility. we cannot redirect spending. not allowed
't take much to create a big backlog and it's not just l.a. nationwide, the faa says 400 flights delayed because of staffing shortages sunday night. >> they need to fix it. i want to go home. >> reporter: >> these are awful and they must stop. we cannot let these delays go through. not only because of inconvenience, but because it's directly hurting our economy. >> reporter: with 10% staffing reductions in effect through september, significant delays are likely. >> if there's some cost cutting and i don't feel it too badly, i'm all for it. if it becomes painful, then i think we need to figure out another way to deal with things. >> we're all going to pay the price. so what can you do? you grin and bear it. >> as if flying is not miserable enough. if you've had a flight delayed, tell us by sending us a tweet@cnnireport. coming up next, t-shirt with the word massacre" stayed on word massacre" stayed on sale. ents. ♪ to more efficient pick-ups. ♪ wireless is limitless. ♪ from tracking the bus. ♪ to tracking field conditions. ♪ wireless is limitless. >>> welcome back. nike is pulli
across the u.s. as thousands of air traffic controllers were furloughed for a day. the f.a.a. blamed federal budget cuts. >> ifill: online, we take you inside one of the world's greenest buildings. kwame holman has the story. >> holman: in honor of earth day, we look at seattle's new bullitt center-- the building boasts the world's first six- story composting toilet system. learn more about the project from our partners at kcts 9 and earthfix on our homepage. and author erica brown says, in preparing for death, shouldn't your survivors inherit more than just your finances? she advises creating an ethical will to pass along wisdom and life lessons to younger generations. find that story on our health page. all that and more is on our website newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on tuesday, we'll examine how cuts to federal spending are slowing down the airline industry. i'm gwen ifill. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening. thank you for joining us. good night. >> major funding for the pbs newshour ha
hill? republicans going to try to pass something specific to faa? >> does this mean they are going to try to do a every time there is a problem? >> or do you try to do the big piece? >> i have to go to shameless plugs. >> 50th anniversary for the lawyers committee. go to the website. >> we have to build a workforce. 50% of the governors out there in their state of the union addresses talk about education. >> it's a great study. i know what you are talking about. my republican polling partner did a great analysis of the state of the state education. >> it is not glamorous but essential. >> pete williams. >> here it is. that is the way to look at it. that's it for this edition of "the daily run down" we know there is potentially intriguing breaking news. tomorrow we will talk to congressman mike mccall just hours after he received a top secret briefing. >>> and taking a dive to the race for john kerry's former senate seat. chris jansing, bye-bye. at the airports not too many problems. most likely be areas like kansas city or chicago or st. louis with rain or thunderstorms moving thro
about. the faa, the fbi, national institutes of health. the best way that mitch mcconnell and republicans can help us deal with this, is to support our legislation that would replace the sequester in a balanced and targeted way. >> we all hear about budget cuts and maybe some jurisdictions are blame things on the sequester. but just the other night i heard from a former senate staffer, she's a mom, two little girls, about deep cuts which are shutting down right here in the district of columbia, all the musical, music and art teaching in a particular school, a very special school. so are jurisdictions beginning to blame this on the sequester? is this really the sequester kicking in? >> well, look, there's no free lunch at the end of the day. the reality is, we can and should make cuts wherever possible. if there's waste in the budget, it should be eliminated, we should find efficiencies. but as i indicated, two years ago we cut over $1.2 trillion from this whole portion of the budget. that goes to things like head start. that goes to early education. that goes to spe
air traffic controllers had delays up to three hours. the faa says with fewer eyeballs, there will be better managed traffic. that's coming up next. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right though... ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. oh, hi thehey!ill. are you in town for another meeting? yup, i brought my a-team. business trips add up to family time. this is my family. this is joe. hi joe! hi there! earn a t
travel season. delays at laguardia, newark, charlotte. the faa on monday blamed staffing and weather and says staffing challenges at regional centers led to ground delays and more spacing between flights around the country. it's the first time the public has felt the impact of across the board budget cuts from the sequester. >> it's already bad enough when they have their regular delays so i can't imagine being stuck here for three hours and not knowing what's going to be next. >> in certain places i believe cutbacks should not be happening. >> i think it's horrible. there's enough problems dealing with delays and security and weather and other things when you're flying. i think they should furlough the president and congress. >> reporter: the faa claims it had no choice but to put 15,000 controllers on unpaid furloughs, which means 10% fewer of them working each day. the agency said that could mean delays of 3 1/2 hours in atlanta, more than 2 hours in chicago, and 1:20 in laguardia. the airlines are furious and argue there are other places to cut. >> the air traffic controllers hav
Search Results 0 to 18 of about 19 (some duplicates have been removed)